Flowers Foods Isn't Loafing Around

Janney Capital sees a boost from the acquisition of Wonder and other bread brands.

Friday after the close, as expected, Flowers Foods announced it signed two asset-purchase agreements with Hostess Brands as the "stalking horse bidder" for certain Hostess assets, the most significant of which provides for the purchase of the Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands, as well as 20 bakeries and...